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20121202
20121210
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judges saying the measures are temporary, not meant to concentrate powers. sandy, the worst storm to ever hit the jersey shore, also leaving a huge financial dent. new jersey governor chris christie announcing the preliminary cost of the damage is a record-high $29.4 billion, a number expected to rise. new york governor andrew cuomo also planning to ask the federal government for at least $30 billion to help his state in its recovery. meanwhile, new york is getting $27 million in federal funds to hire more than 5,000 sandy cleanup workers. holiday shopping season is off to a record start -- 247 million shoppers visiting stores and websites over the four-day weekend starting on thanksgiving, spending totaling over $59 billion, with the average holiday shopper spending $423. but if you're in the market for a partridge in a pear tree or seven swans a-swimming, you better start saving. this year's "twelve days of christmas" gift list will cost you over $100,000. for "teen kids news," i'm lauren green, "fox news channel in the classroom." >> we're going to take you back to early 1940s. world w
and manufacturing. officials at the labor department say hurricane sandy did not substantially impact their estimates. some analysts expected the job situation to improve but can't predict how bad the fiscal cliff will affect economic growth. here is dean maki at barclays capital. >> we had 146,000 jobs created. that are pretty much in line with the last two months and right in line with where we think the trend is right now. president obama's re-election clearly reduced one set of uncertainties which was who's going to win the election. we now know that he did win, but it hasn't reduced the uncertainty surrounding the fiscal cliff and what's going to happen there. if the full fiscal cliff were to occur, we'd expect a much worse outcome. probably a contraction in the 1% to 2% range in the first half of 2013. this is a very important issue. the economy was performing reasonably well in the months leading up to the potential fiscal cliff. we saw that in the job numbers for november. we've also seen it in the gdp numbers for the third quarter which rose 2.7% annualized. that doesn't ensu
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